What expenses are not eligible under a Commuter Benefit?
Tolls
Taxis
Gas/fuel
Mileage
Business trip costs
Airport parking fees
Parking fees at your home
What happens if a participant terminates employment?
If a participant terminates employment, participation in the plan will also terminate.
What is a Commuter Benefit?
Commuter benefits help you to pay for the public transportation, vanpool, or parking that you need to get to and from work with pre-tax money – money you deduct from your paycheck before you pay taxes. Vanpool applies to transit with more than five passengers and parking benefits must be used for parking at or near work, or at or near a place where you take public transportation to work (such as at a Park and Ride).
When can I enroll in a Commuter Benefit?
In most cases, you can sign up any time—the benefit will be effective for the first month possible after you make your election.
Am I required to use a daycare facility for my Dependent Care FSA?
No. You can be reimbursed for expenses provided by an individual providing care for your dependent in your home as long as the expenses are incurred for you and your spouse (if married), to work, look for work or attend school full-time.